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of staff. joining me is kristen welker. >> i can tell you that jack lew has been the leading candidate for this spot. this is someone with experience in the white house and capitol hill. he served as an aide to former house speaker tip o'neal. director of the onb twice. and of course, the chief of staff to the white house, president obama, and has helped the president navigate tough policy issues including that fight over the fiscal cliff in which president obama what many consider a fight with republicans to increasing taxes on wealthier americans. so this is someone who president obama has a very good working relationship with. and, of course, this is a key moment. it's a critical moment to take over the spot as treasury secretary. because there are three big budget matters looming. of course, they're going to have to deal with the debt ceiling, the fiscal cliff and the all in the comes months. >> kristen, we look at the optics of this, the inner circle being all white men. what is the tone in washington especially since was the obama coalition that got obama in for a second term? >>
obama making another cabinet pick. the president will nominate white house chief of staff jack lew to replace timothy geithner as treasury secretary. tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. this is also someone who has worked in a couple of administrations as the budget chief in this administration and the clinton administration and helped to cut the 1997 balanced budget deal. so the white house sees him as someone with a lot of experience, ready to take on some of the big challenges over the treasury department as we are facing the so-called mini cliffs, the big one, the debt ceiling, something he will have to deal with right away. >> when is the formal announcement of the nomination expected and another partisan fight down the road? >> very well could be. we have been trying to nail it down
tim geithner at the treasury department. how jack lew's influence will impact your wallet. >>> plus, lance armstrong, heading to oprah. but will he confess to doping? my next guest calls it ridiculous. don't miss it. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ and save hundreds with our best offer. get an adt security system starting at just $49 installed, but for a limited time only. that's an instant savings of $250. don't leave your family's safety to chance when you can take advantage of these savings now. call or visit adt.com/tv. both: i had a break-in. man: by the time we called the police, there wasn't much they could do. i felt so helpless. adt quickly called the police. i felt like it was over right away. feels like it's still not over. we lost our digital photos, financial records, things that insurance simply can't replace. [ male announcer ] protect yourself with the fast
decided to nominate his current white house chief of staff, jack lew to secede timothy geithner. gloria, do we expect any serious opposition? >> well, there are going to be republicans who oppose him. senator sessions, the ranching republican on the budget committee came out and said he would not support jack lew. >> because? >> because of his testimony before the deficit committee and that the budget could be reduced. he said that's evidence that jack lew should not be confirmed. particularly on these fiscal matters, he did run the office of budget during the debt ceiling negotiations and i remember from covering those debt ceiling noish ags that republicans didn't like him very much, wolf. some of them said to me that jack lew kept moving the goal posts on them. yes, there will be opposition. for chuck hagel, no. i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt tha
will be nominating jack lew as treasury secretary and that that announcement is expected sometime this week. this had been widely expected, jack lew, who has worked in a couple of administrations as the budget chief. he also worked on wall street. we've done some reporting on concerns about his experience not only from those on wall street but also some progressive groups. nonetheless, the president expected to nominate someone who he has talked about as a trusted confidante, someone who has worked very hard in trying to right the ailing economy. according to this source, the president expected to nominate him to be the next treasury secretary, and that announcement expected sometime this week. >> all right. well, thank you for that, dan. and nice quick work, i might add as well. and by the way, for our audience who might not know a lot about jack lew, the white house chief of staff, there is actually a very extensive background on this man. he has been the leading contender. without further ado, have a listen to all of the things this man has done. >> reporter: jack lew is a key washington insider,
get away with it. >> the president's can natural takes place. jack lew will be nominated to replace tim geithner. >> and today a team of federal investigators are focusing on why a commuter ferry slammed into a manhattan peer. people were wounded, one critically. >> people were on the ground. >> there's been an explosion in greece claiming the car booming is related to the defense ministry. >> a dozen of killer whales are trapped under sea ice. >> oscar nominations are out, "lincoln" leading with 12. >> barry bonds, roger clemmen, sammy sosa all face accusations of steroid use shut out by the baseball hall of fame. >> off the window to himself! >> turning on the channel right now. >> they clearly don't know the contact. >> all of that matters. >> hillary clinton made the first public comments after off a month dealing with a concussion and blood clot. >> i'm thrilled to be back. >> the president hosted a screening of 1600 penn with send tars who keep embarrassing the white house. as joe biden put it, why is everything looking? >>> welcome to "cbs this mor
. if confirmed, you'll be seeing a lot more of this. that is jack lew's looping signature on every new green back that is printed. it's been described as a slinky that lost its spring. lew says he'll make his name more legible if he does get the job. >>> and vice president joe biden meets with the nra today as the debate over gun violence intensifies. it could be a tough sell since the group already says it opposes any new restrictions. among those speaking out is new york's governor. andrew cuomo is urging lawmakers in his state to close loopholes on the state's assault weapons ban. >> this is not taking away people's guns. i own a gun. i own a remington shotgun. i've hunted. i've shot. that's not what this is about. it is about ending the unnecessary risk of high capacity assault rifles. that's what this is about. >> he was quite fired up today. yesterday rather. results of a new study are sure to fuel the already intense debate over guns. the u.s. sees far more violent deaths than any other wealthy nation. due in part to the widespread possession of firearms and the practice of storing them un
, but president obama could announce his new pick for treasury secretary as soon as today. jack lew is reportedly the current's -- could be his nominee. he's currently the chief of staff, also a former budget director, as well. insiders say he's the best person to take on the many looming battles with congress that are coming up, including the battles over the debt ceiling and those pending budget cuts. if confirmed, you'll be seeing a lot more of this. that is jack lew's looping signature on every new green back that is printed. it's been described as a slinky that lost its spring. lew says he'll make his name more legible if he does get the job. >>> and vice president joe biden meets with the nra today as the debate over gun violence intensifies. it could be a tough sell since the group already says it opposes any new restrictions. among those speaking out is new york's governor. andrew cuomo is urging lawmakers in his state to close loopholes on the state's assault weapons ban. >> this is not taking away people's guns. i own a gun. i own a remington shotgun. i've hunted. i've shot. that's not
.s. treasury secretary. jack lew has extensive public and private sector experience including budget director for presidents obama and bill clinton. he's also known for his thorough knowledge of the federal budget. an announcement is possible before the end of the week. >>> stip college of san francisco is hoping for a deadline extension to maintain its accreditation. the school has until march 15th to come up with a plan to fix financial problems. but officials say there are some issues that will require more time to work through. the school has already made several changes, including the hiring of more experienced leaders and improving its budget management. >>> today, san jose planners will decide if the location of a newly approved charter school plan fits with city goals. council members gave their approval yesterday for the rocket ship education charter element school on lick avenue. it would also provide a park and a playground for the area. some residents are opposed to the plan saying it will create traffic problems. >>> a ferry carrying hundreds of commuters crashes into a new york
control laws. >>> the president today will nominate his chief of staff jack lew to be treasury secretary. lew used to be his budget director. if confirmed by the senate he'll replace timothy dwight mer. meanwhile labor secretary hilda solis announced yesterday she will be resigning. her replacement has not been chosen yet. >>> officials say a commuter ferry yesterday just had a major overhaul. they don't know if that had any role in the accident that injured dozens of parliamentarians. jim axelrod is at the terminal in lower manhattan. jim? >> reporter: good morning, charlie. we have pictures of the ferry taken just a short while ago, being guided into a dock in atlantic highlands, new jersey, where this investigation will continue. as we say, things back to normal at the dock here, but on wednesday morning the routine took a troubling turn. the crash occurred at 8:45 a.m. as it was docking at pier 11 after a routine crossing of new york bay. >> what it did was hit the right side of the boat on the dock hard, like a bomb. >> reporter: many of the vessel's passengers were waiting. the imp
the white house will name jack lew as his choice to be the next treasury secretary as early as tomorrow. sources know lew has been at the president's side for some the big decisions over the past several years, shep? >> shepard: mike emanuel at the white house lawn tonight. here is our favorite story of the day. our paper money could soon have a bunch of scwilgs on it if jack lew get the gig. puts the united states signature on all the green backs. that's the current secretary tim geithner's john hancock. here is lu's signature. see that? from a recent white house memo. it's a bunch of scwilgs skillings. geithner had to change his signature from the one you can see here so that people could read his name on the currency. after all, if you get to sign all the money, the least you can do is read your name. by now we have all heard that soda is not good for you. it turns out it might also be making us sad. sad soda. new research that suggests soda drinkers are more likely to be depressed. not really depressing. seems more stupid to me but you'll decide. (dog) larry,larry,larrryyy. why take
proven himself again and again to the president. >> over the past quarter of a century jack lew has been an integral part of some of the most important budgetary financial and fiscal agreements bipartisan agreements in washington. >> one agreement he may not want to take credit for is the now december pieszed if -- despise fiscal cliff. lew was the architect of the spending cuts that nearly drove congress to the brink over new years. some republicans say he hasn't been honest with congress about debts. >> there is a confirmation process. i think the american people need to know the secretary of treasury will tell them the truth about the financial conditions of this country. >>> speaking of cabinet posts labor secretary announced yesterday she will be stepping down as well. so who is staying for a second term? that list piered to be relatively short. attorney general eric holder secretary of health and human services kathleen seb beelius. one of the duties of the trish ry secretary is to sign the currency. on this bill you have tim geithner's signature because he's the treasury secretar
to name jack lew as treasury secretary tomorrow. we will talk about that. if you looking for bargains, target has gift wrap, and children's, and women's apparel is marked down on tuesday, and wednesday, men's apparel and health and beauty are marked down and toys. researchers say the best deals are usually at the edges of the stores not in the middle of the target store. >> possible tension between the white house and walmart over gun control. walmart is taking a pass on an invitation by the white house to sit down with biden and talk about the issue. stocks look like this, a little bit higher as we get good earnings from alcoa and the silicon valley index is just a sight bit lower. >> thank you. this we go to weather. mike? >> we will talk about what is going on, we will start with an outside shot, beautiful colors there and the fog is why we have the dense fog advisory in the east bay and north bay valley from our east bay hills camera. a beautiful picture there. live doppler 7 hd showing it is dry. the cloud cover will be thick enough to drop the showers on us in the afternoon and
by the minute. will help reach them in time? >>> signature move. president obama set to nominate jack lew for treasury secretary today, so is this signature coming to a dollar bill near you today? january 10th, 2013. >>> good morning, welcome to "today" on this thursday morning. i'm savannah guthrie. >> i'm in more matt this morning. this case is pretty serious. nine states, health officials reporting a real problem in massachusetts. >> that's right. at least 18 flu related deaths so far. 700 confirmed cases in boston alone. hospitals are overrun with people complaining with flu-like symptoms coast-to-coast. we'll get the latest in a report straight ahead. and carl, after confess iing to all of us, only matt received his flu shot. we're going to do something. we're going to get a flu shot. >> i'm already thinking which arm to roll up. >> roll up that sleeve. i wore short sleeves on purpose. >>> joe biden comes face to face with members of the nra today. at the white house with details. >>> surprising punishments of some distracted drivers involved in deadly crashes are now getting, why ar
will be introducing his next treasury secretary, it is jack lew, he's presently the president's chief of staff. you see him on your screen. formerly the president's budget director. he replaces outgoing secretary timothy geithner. another position vacated by hilda solis, who is the labor secretary. >> peter alexander, thank you. now here's carl. >> savannah, thanks. >>> of course, one of the worst shootings last year, the deadly massacre at a colorado movie theater. now a judge decides if the gunman will stand trial. at the courthouse in centennial, colorado, mike, good morning. >> reporter: good morning, carl. if there's going to be an insanity case, there's going to be a mountain of evidence that james holmes spent months planning the attack. a shooting rampage was long in planning, the newly revealed evidence shows. an arsenal for mass murder accumulated in an extraordinary two-month buying spree, mostly online, and ending just days before the massacre. holmes himself telling police after the arrest how he booby trapped his apartment with a dozen bombs, hoping for an explosion to divert police t
it with family and close friends and president obama is expected to name white house chief of staff jack lew as treasury secretary tomorrow. >>> secretary of state hillary clinton says she is thrilled to be back on the job. clinton made her first public comments today since her health scare. she was hospitalized for several weeks for a concussion and blood clot. >> it doesn't mean she is retiring but only stepping off the fast track for a moment. >>> quite a temperature shift today. to the north, a chilly afternoon. to the south, much warmer. kammerer, what's going on out there? >> quite amazing out there, jim. some areas in the low 40s today. others in the low 60s. all depends on where you live. north and west, much colder. south and east, much warmer. all because of our frontal boundary. that front moving through the region, everybody saw at least some clouds during the day today, showers came across the region. look at these numbers, 67 around richmond, but 49 in hagerstown. a huge temperature swing and even bigger swing when you look at our immediate area. what are we seeing out there no
is jack lew has that the president cited decided a major budget fis with republicans on the debt ceiling and recently somewhat perverted fiscal cliff, also budget director under president bill clinton and obama known as someone with a very deep knowledge of budgeting. before joining the obama administration, he was a chief f operating officer at the citigroup alternative investments unit reported lost money to do that, although it earned profits from betting against the subprime mortgage market and will be if the fed to confirm him in one predicts very contentious process. >> it is a bumpy confirmation process. many people have no secure treasury will tell them the truth both of financial conditions of this country and lay out a plan that can be analyzed and studied it will hold up under scrutiny. they haven't done that from the white house yet. he has had a failure to lead. speaking of the republican complaint, difficult to work with during 2011 debt ceiling debate, probably a plus for the president. i do. cheryl: probably why he did that. thank you. dennis: a billion smart phones can b
nomination of the white house chief of staff jack lew to treasury secretary shows president obama has no intention following through on cuts. here is charles krauthamer on this last night. >> he is not interested in spending cuts. he is not interested in reform. he wants to defend the entitlement state. he wants to defend obamacare. even add on to it. he calls it investments. of course normal people would call it spending. and lew is the guy you want if you want to hold the fort what i call reactionary liberalism. you have the great achievements of the last century in building an entitlement state. he is the guy who would defend the for the. martha: great achievement in building entitlement society. says charles krauthamer. we have marjorie clifton and braid blakeman. good to have you both of us with us. >> thank you. martha: here is the fight. and my question for you, brad, how specific, how should republicans handle this? how, you should they do a big p.r. campaign and say these are the specific things we want to cut, mr. the president and you give us good argument not to do it? >>
the new treasury secretary. >> it looks like jack lew will replace timothy gai nter. >> what is a treasure secretary do? they're run financial--they look after financial debt. >> and the bottom right hand corner of our people money gaitner signature. what is that that is horrible. >> we have to change that. i cannot put that on monday. >> this seems like an eye appointment. he has very little experience. he is a big no god. he will say no time and time again. he is the one that will have to keep the budget cut going when we hit the debt ceiling right. >> the debt ceiling coming up. debt ceiling in fiscal cliff has now become 2013 issues. but us talk about another winner. this of facebook shares rally above $30 a share. we are on our way up it is a winner for facebook. >> the ipo had people screaming like a scalded champ. it is up 10% this year so it's a matter of when did you buy it. after announcing a mystery press conference for tuesday next tuesday the 15th. i looked at their peak about 160. that is pretty expensive. they got something. they have this do it hasn't called yet. >> maybe i
of staff jack lew to be treasury secretary. current treasury secretary timothy geither is expected to leave his position at the end of the month. the nomination could come as soon as thursday. >> the dow was just crossing the 13,400 mark and we will be back i200 and and two minutes. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. avoid bad.fats. don't go over 2000... 1200 calories a day. carbs are bad. carbs are good. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains ce
-mail, too. the president nominating jack lew to become the treasury secretary. partly and chiefly because of his budget experience. what are your thoughts about the pick and what he brings to the table? guest: i certainly hope it will be positive. i think he will be on a roll with treasury to be having a lot of data at his fingertips, which indicates virtually no interest environment that we are in, it has its pluses and minuses. it also is an environment today where there is not much inflation. if he were to compound inflation in the future, he would well understand what that would do to budgets as well. i think he hopefully is able to bring a perspective and said, let's get some long-term problems dealt with now because here are the risks. he has to be a risk manager. he has to be able to explain these things. this has not been talked about yet. i held as treasury secretary -- he has had experience around congress -- he is more of a washington person. i would hope because he has had political awareness, he would understand the significance and focus on a growth agenda. the fundamental c
Search Results 0 to 25 of about 26 (some duplicates have been removed)